Share
5,227 Posts.
lightbulb Created with Sketch. 557
clock Created with Sketch.
15/02/23
02:37
Share
Originally posted by meghotcop:
↑
Very strong buy side (22 mio +shares) and much smaller selling (7.4 mio shares) at the end of trading today. Alas,the major problem is that the bid for 22 mio shares sits at 0.1 cent, i.e. one tenth of a cent per share!!! Who would put a bid like that in??? ... and for what purpose??? This bidder, at a SP of 0.1 cent, put the MC of HLF at $349.200 (SOI 349.2 mio). These sort of bids make HLF a laughing stock. ... I am just waiting for a poster claiming that selling and lease back makes good business sense and allows HLF to deploy capital more productively; thus, this stock should be re-rated as a buy. I rather opine that selling property and reducing debt "buys time". It is puzzling (for the blue-eyed), and disconcerting (for the rational) observer that the BOD didn't make an announcement on this intended multi-million dollar sale whilst orders for 545k for Woolies are published to the market. It also beggars belief (as a strategy) to on-board a director (Ms Klose) with expertise in digital marketing and SaaS - and then push THM brands through Woolies. If the BOD wants a higher SP, then an announcement on how well THM does in the digital space or how well new digital strategies are paying dividends would be of the highest value. In my view, the strategy and initiatives don't come together, and the situation has actually gotten worse since Danny Rotman left. The SP has more than halved since his departure 4 months ago. Mr market is wily, but he is not an idiot.
Expand
so come again how is this a very strong buyside? it's weak and dangerous. Point is i wont trap any capital here until a setup forms way too many good stocks with bullish setups out there. Lucky I didnt buy some at 2.6